If you’ve ever entered filling station and seen the NNPC sign then you have dealt with NNPC Retail Limited. We can say it’s the most visible part of the NNPC group for ordinary Nigerians. NNPC Retail Limited is the downstream subsidiary responsible for retail marketing of petroleum products. It operates filling stations across Nigeria and […]
International companies aren’t the only ones tapping into Nigeria’s oil. NNPC has its own team that hunts for new reserves and drills for crude. NNPC Exploration and Production Limited (NEPL) is one of the key upstream subsidiaries of NNPC Limited. It focuses on Deepwater Frontier Exploration Managing production Sharing contracts with international oil companies. Here’s […]
Ever tried figuring out who actually calls the shots at NNPC Limited? Good luck. Under the old NNPC, nobody could say for sure. One day it looked like the minister was driving things, the next it seemed to be the GMD, and sometimes it felt like the real decision was made in a room none […]
If you want to understand who really runs NNPC Limited, you need to understand the board. Not the minister. Not the GCEO alone. The board. Before the Petroleum Industry Act, the old NNPC had a board that served mostly in an advisory capacity. Real power sat with the minister. The board was there for show. […]
Have you ever tried to understand how NNPC Limited is organized? Many people find it confusing, and that’s normal. But it’s easier than it looks. NNPC worked like a government department before the Petroleum Industry Act. It handled many different jobs at once. It was hard to know who reported to whom, and who was […]
Try searching for “NNPC share price” online. You will see many different numbers. Some websites say they show the current price. Others even offer to sell you shares. Almost all of it is false. Here is the truth. NNPC Limited is not listed on any stock exchange. That means its shares are not traded in […]
The answer depends on which NNPC you mean. Let’s start with the old NNPC. This was the Nigerian National Petroleum Corporation. The government created it by law in 1977. It was not a normal company. It had no shareholders. The government owned it, but nobody held shares in it. Now let’s talk about NNPC Limited. […]
Over the last five years, the link between NNPC and the federal government has changed a great deal. Let’s start with the time before the Petroleum Industry Act (PIA). NNPC was a government corporation. The Minister of Petroleum had a lot of control over it. The lines of authority were direct, but they were not […]
Before the Petroleum Industry Act (PIA), NNPC did not have a clear outside regulator. In many ways, it watched over itself. The old NNPC did two jobs at once. It ran businesses in the oil industry. It also helped to regulate that same industry. It was both the player and the referee. There was also […]
If you’ve been following Nigerian oil and gas news, you’ve heard about the Petroleum Industry Act. You’ve heard about NNPC Limited. But what’s the connection between them? The short answer: the PIA created NNPC Limited. Section 53 of the Act mandated the incorporation of the company. Section 257 abolished the old NNPC. One law, one […]